Sales Contract of Finished Oil

 Sales
      Contract of Finished Oil

Contract
      No.: 200606143

Seller:
      Xi’an Baorun Industrial Development Co., Ltd. Place:
      Shouguang
Buyer:
      Shouguang
      City Xxxx Xxxx Petroleum & Chemical Co., Ltd. 
      Date:
      May 10, 2005 
 
          1.  
          Product,
              Quantity, Price and Delivery Time.

Product
 
Density

Manufacturer
                
Unit
                
Quantity(Ton)

Price

Total
                Amount(Yuan)

Delivery
                Time

Conventional
                residual 

910.00

Yanlian
                
Ton
                
3,000

3050.00

9,150,000.00

May
                10, 2005—May
                31, 2005

Total
                Amount : Nine million one hundred and fifty thousand Yuan
                
          2.  
          Quality
              Standard: 

Density:
      910.00kg/mî below;
      residual carbon≯5.0%,
      Sulphur≯0.5%,
      water ≯0.5%,
      water ≯0.5%--deducting,
      no other impurity.
 
          3. 
          The
            term of the Supplier’s responsibility for quality: the Supplier will
            compensate the Buyer for all the loss from quality
            problem.
        
          4.  
          Package
              Standard.

Supply
      and recycling of wrappage: none. 
 
          5.  
          The
              quantity and supply means of random must-haves, accessories and tools:
              none.

          6.  
          Measurement
              Standard and Calculation of Reasonable
              Loss

           Using the data from Boxing
            Station
        
           The two parties should check the platform scale. In
            case of any dispute the two parties shall resolve it
            timely.
        
          7.  
          The
            product should belong to buyers once the product passes the quality test.
            If the buyer doesn’t pay the purchasing price the product still belongs to
            the seller. 
        
          8.  
          Delivery
            place: Boxing Jing Bo Logistic railway station
        
          9.  
          Transportation
            manner, arriving station and fees
        
          The
            seller shall bear all of the transportation fees.

          10.  
          The
              Standard , Method, Place and Term of the Quality
              Test

Using
      the
      test results from the buyers.
In
      case
      of any dispute the two parties shall resolve it timely.
 
          11.  
          Transportation
              Fees

The
      buyer
      shall bear the transportation expenses from Jing Bo Logistic railway station
      to
      the delivery by buyer and the expenses of unloading goods. 
 
          12.  
          Payment
              Term

The
      unit
      price is 3,050.00/ton and the total price is paid upon two invoices (railway
      invoice-170 Yuan/ton and VAT invoice). The 80% of the total price will be paid
      upon receiving the goods and the balance will be paid upon 
receiving
      the two invoices. And the total price should be paid in cash.
 
          13.  
          Guarantee
              form (a guarantee contract could also be made.) :
              None

          14.  
          Termination

This
      contract may be amended or canceled by the two parties hereto for force
      majeure.
 
          15.  
          Default

          The liability of default and breaching action shall
            be
            resolved in compliance with Contract Law of the People's Republic of
            China
        
          16.  
          In
            case of any dispute, the two parties hereto shall negotiate friendly
            or
            they may propose a suit to the local People’s Court in the place where the
            suitor is located.
        
          17.  
          This
            contract shall be effective upon the signing by the two parties
            hereof.
        
          18.  
          Others
        
          If
            the market changes the two parties hereto shall resolve the problem
            through actively negotiation. 
        
.

            Seller

            Buyer

            Notary

            Seller
                (seal):
                Xi’an Baorun Industrial Development Co., Ltd.
Address:
                
Legal
                person:
Authorized
                person:
Tel:
Fax:
Opening
                Bank:
Account
                #:
Zip
                Code:

            Buyer(seal):
                Shouguang
                City Xxxx Xxxx Petroleum & Chemical Co., Ltd.
Address:
                # 00 Xxxxxxxx Xxxxx, Xxxxxxxxx xxxx
Legal
                person: Xxxxx Xxxxxxx
Authorized
                person: 
Tel:
                0000-0000000
Fax:0000-0000000
Opening
                Bank: Shouguang Branch of Industrial &Commercial Bank of
                China
Account
                #:1607006109022100171
Tax
                ID: 000000000000000

            Opinion:
 
Seal
                of the Notary
 
By:
Date:

Document Metadata

Table of Contents

Sales Contract of Finished Oil

Document Metadata

Product	Density	Manufacturer	Unit	Quantity(Ton)	Price	Total Amount(Yuan)	Delivery Time
Conventional residual	910.00	Yanlian	Ton	3,000	3050.00	9,150,000.00	May 10, 2005—May 31, 2005
Total Amount : Nine million one hundred and fifty thousand Yuan

Seller	Buyer	Notary
Seller (seal): Xi’an Baorun Industrial Development Co., Ltd. Address: Legal person: Authorized person: Tel: Fax: Opening Bank: Account #: Zip Code:	Buyer(seal): Shouguang City Xxxx Xxxx Petroleum & Chemical Co., Ltd. Address: # 00 Xxxxxxxx Xxxxx, Xxxxxxxxx xxxx Legal person: Xxxxx Xxxxxxx Authorized person: Tel: 0000-0000000 Fax:0000-0000000 Opening Bank: Shouguang Branch of Industrial &Commercial Bank of China Account #:1607006109022100171 Tax ID: 000000000000000	Opinion: Seal of the Notary By: Date: